Tulum Energy Secures $27 Million Investment to Expand Turquoise Hydrogen Technology Development
**Tulum Energy Unveils Revolutionary Clean Hydrogen Production Technology**
Tulum Energy, a groundbreaking startup, has emerged from the tech-savvy mindset of venture building, thanks to a strategic collaboration with TechEnergy Ventures and Tenova, a leader in industrial technology for electric arc furnaces and hydrogen-ready direct reduced iron (H2-ready DRIs).
The innovative approach of Tulum Energy centres on methane pyrolysis using a modified electric arc furnace (EAF), a technology adapted from steel industry equipment. This method thermally cracks methane into hydrogen (H₂) and solid carbon at high temperatures without emitting CO₂—a major advantage over traditional steam methane reforming which emits large amounts of CO₂ annually.
Key aspects of Tulum Energy's technology include emissions-free hydrogen production, the use of existing industrial equipment, cost efficiency, the creation of a valuable solid carbon byproduct, and energy optimization and scalability. The company aims to produce hydrogen at approximately $1.50 per kilogram in the U.S., competitive with conventional hydrogen costs.
The core innovation of Tulum Energy lies in repurposing existing, commercially available machinery from the steelmaking industry to produce turquoise hydrogen. The pilot plant in Pesquería, Mexico, will be used for direct reduced iron (DRI) production, with Ternium as the partner.
The $27 million venture financing round, led by CDP Venture Capital, TDK Ventures, and a global consortium of prominent investors, including Tulum's founder TechEnergy Ventures, MITO Technology, and Doral Energy Tech Ventures, will be used to build Tulum Energy's pilot plant in Pesquería, Mexico, within Ternium's industrial complex, and to establish its Italian subsidiary in Milan for research, development, and engineering.
Tulum Energy's technology offers exceptional energy efficiency and high scalability, making it competitive even without tax credits and incentives. TDK Ventures aims to leverage its global network to accelerate Tulum Energy's technology development and commercialization, helping the company become a cornerstone of the clean hydrogen economy.
The statements from Massimiliano Pieri, Alejandro Solé, Paolo Argenta, Cristina Tomassini, and David Delfassy express support and enthusiasm for Tulum Energy's technology and its potential to contribute to industrial decarbonization. CDP Venture Capital's investment in Tulum Energy reflects their mission and commitment to innovative solutions driving the green transition, particularly in hard-to-abate industrial sectors.
TDK Ventures is proud to back Tulum Energy, recognizing the uniquely scalable and cost-effective pathway the company's turquoise hydrogen process offers for decarbonizing heavy industries. With its emissions-free hydrogen production, cost efficiency, and potential for commercial use of the solid carbon byproduct, Tulum Energy is poised to offer a scalable and cost-effective alternative to traditional hydrogen production methods for large industrial consumers like refineries, ammonia producers, and chemical plants.
Tulum Energy's revolutionary clean hydrogen production technology, backed by venture capital from CDP Venture Capital, TDK Ventures, and others, is set to transform the energy industry. Leveraging existing industrial equipment and technology from TechEnergy Ventures and Tenova, Tulum Energy aims to produce hydrogen at a competitive cost of approximately $1.50 per kilogram, offering a scalable and cost-effective alternative to traditional hydrogen production methods for large industrial consumers in the technology and finance sectors.
